"Charter Square will prove to be another driving force that brings businesses to our community and makes Raleigh one of the most sought-after places to live and work in the country," said Mayor McFarlane in a news release.

An artist's rendering showed a steel and glass building that designers said would feature 225,000 square feet of rentable space.

The plans include an outdoor plaza courtyard, direct underground parking and an on-site restaurant.

Construction is scheduled to begin this fall and should take about a year.